Upcoming Dividend • May 04
Upcoming dividend of S$0.20 per share Eligible shareholders must have bought the stock before 11 May 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Singaporean dividend payers (5.0%). In line with average of industry peers (3.4%). Announcement • Apr 14
United Overseas Insurance Limited to Report Q1, 2026 Results on May 04, 2026 United Overseas Insurance Limited announced that they will report Q1, 2026 results on May 04, 2026 Announcement • Apr 02
United Overseas Insurance Limited, Annual General Meeting, Apr 24, 2026 United Overseas Insurance Limited, Annual General Meeting, Apr 24, 2026, at 10:30 Singapore Standard Time. Location: atrium ballroom, level 5, parkroyal collection marina bay, 6 raffles boulevard, singapore 039594, Singapore Declared Dividend • Feb 23
Final dividend of S$0.20 announced Shareholders will receive a dividend of S$0.20. Ex-date: 11th May 2026 Payment date: 22nd May 2026 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 21
Full year 2025 earnings released: EPS: S$0.53 (vs S$0.49 in FY 2024) Full year 2025 results: EPS: S$0.53 (up from S$0.49 in FY 2024). Revenue: S$141.8m (up 14% from FY 2024). Net income: S$32.3m (up 8.4% from FY 2024). Profit margin: 23% (down from 24% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year. New Risk • Feb 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Dividend is not well covered by cash flows (101% cash payout ratio). Profit margins are more than 30% lower than last year (17% net profit margin). Announcement • Jan 14
United Overseas Insurance Limited to Report Fiscal Year 2025 Results on Feb 20, 2026 United Overseas Insurance Limited announced that they will report fiscal year 2025 results on Feb 20, 2026 Announcement • Oct 03
United Overseas Insurance Limited to Report Q3, 2025 Results on Oct 23, 2025 United Overseas Insurance Limited announced that they will report Q3, 2025 results on Oct 23, 2025 Reported Earnings • Jul 31
First half 2025 earnings released: EPS: S$0.14 (vs S$0.23 in 1H 2024) First half 2025 results: EPS: S$0.14 (down from S$0.23 in 1H 2024). Revenue: S$72.4m (up 31% from 1H 2024). Net income: S$8.64m (down 39% from 1H 2024). Profit margin: 12% (down from 26% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Jul 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 27% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (116% cash payout ratio). Profit margins are more than 30% lower than last year (17% net profit margin). Announcement • Jul 09
United Overseas Insurance Limited to Report First Half, 2025 Results on Jul 29, 2025 United Overseas Insurance Limited announced that they will report first half, 2025 results on Jul 29, 2025 Upcoming Dividend • Apr 28
Upcoming dividend of S$0.14 per share Eligible shareholders must have bought the stock before 05 May 2025. Payment date: 16 May 2025. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Singaporean dividend payers (6.0%). Lower than average of industry peers (3.7%). Announcement • Apr 08
United Overseas Insurance Limited to Report Q1, 2025 Results on Apr 28, 2025 United Overseas Insurance Limited announced that they will report Q1, 2025 results on Apr 28, 2025 Announcement • Mar 26
United Overseas Insurance Limited, Annual General Meeting, Apr 17, 2025 United Overseas Insurance Limited, Annual General Meeting, Apr 17, 2025, at 10:30 Singapore Standard Time. Location: atrium ballroom, level 5, parkroyal collection marina bay, 6 raffles boulevard, singapore 039594, Singapore Declared Dividend • Feb 19
Final dividend of S$0.14 announced Shareholders will receive a dividend of S$0.14. Ex-date: 5th May 2025 Payment date: 16th May 2025 Dividend yield will be 3.2%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not covered by cash flows (356% cash payout ratio). The dividend has increased by an average of 3.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 61% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.9% EPS decline seen over the last 5 years. Reported Earnings • Feb 15
Full year 2024 earnings released: EPS: S$0.49 (vs S$0.48 in FY 2023) Full year 2024 results: EPS: S$0.49 (up from S$0.48 in FY 2023). Revenue: S$124.9m (up 7.9% from FY 2023). Net income: S$29.8m (up 1.9% from FY 2023). Profit margin: 24% (down from 25% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Feb 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.4% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by cash flows (134% cash payout ratio). Announcement • Jan 08
United Overseas Insurance Limited to Report Fiscal Year 2024 Results on Feb 14, 2025 United Overseas Insurance Limited announced that they will report fiscal year 2024 results on Feb 14, 2025 Reported Earnings • Jul 27
First half 2024 earnings released: EPS: S$0.23 (vs S$0.20 in 1H 2023) First half 2024 results: EPS: S$0.23 (up from S$0.20 in 1H 2023). Revenue: S$55.1m (up 5.3% from 1H 2023). Net income: S$14.2m (up 19% from 1H 2023). Profit margin: 26% (up from 23% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year. Declared Dividend • Jul 26
First half dividend of S$0.085 announced Dividend of S$0.085 is the same as last year. Ex-date: 1st August 2024 Payment date: 15th August 2024 Dividend yield will be 2.9%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but not covered by cash flows (134% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Jul 05
United Overseas Insurance Limited to Report First Half, 2024 Results on Jul 24, 2024 United Overseas Insurance Limited announced that they will report first half, 2024 results on Jul 24, 2024 Upcoming Dividend • Apr 25
Upcoming dividend of S$0.13 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Singaporean dividend payers (6.3%). In line with average of industry peers (3.4%). Board Change • Apr 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Executive Non-Independent Director Andrew Lim was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 29
United Overseas Insurance Limited, Annual General Meeting, Apr 19, 2024 United Overseas Insurance Limited, Annual General Meeting, Apr 19, 2024, at 11:00 Singapore Standard Time. Location: Penthouse of United Overseas Bank Limited, 80 Raffles Place, 62nd Storey, UOB Plaza Singapore Agenda: To receive the audited financial statements, the Directors' Statement and the Auditor's Report for the year ended December 31, 2023; to declare a final one-tier tax-exempt dividend of 8.5 cents (2022: 8.5 cents) per share and a special one-tier tax-exempt dividend of 4 cents (2022: 4 cents) per share for the year ended December 31, 2024; to reappoint Ernst & Young LLP as Auditor of the company and to authorize the Directors to fix its remuneration; and to consider other matters. Declared Dividend • Feb 26
Final dividend of S$0.13 announced Dividend of S$0.13 is the same as last year. Ex-date: 2nd May 2024 Payment date: 15th May 2024 Dividend yield will be 3.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (36% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: S$0.48 (vs S$0.27 in FY 2022) Full year 2023 results: EPS: S$0.48 (up from S$0.27 in FY 2022). Revenue: S$112.9m (up 189% from FY 2022). Net income: S$29.3m (up 75% from FY 2022). Profit margin: 26% (down from 43% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year. New Risk • Feb 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.2% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Board Change • Feb 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent & Non-Executive Director Stella Tan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 12
United Overseas Insurance Limited to Report Fiscal Year 2023 Results on Feb 20, 2024 United Overseas Insurance Limited announced that they will report fiscal year 2023 results on Feb 20, 2024 Announcement • Dec 19
United Overseas Insurance Limited Announces Appointment of Tan Yian Hua as an Independent and Non-Executive Director, Effective from 1 January 2024 The Board of United Overseas Insurance Limited has accepted the Nominating Committee's recommendation that Ms Tan Yian Hua is suitable for appointment as a Director of United Overseas Insurance Limited. Her appointment will also bring gender diversity to the Board. The MAS has approved the appointment of Ms Tan Yian Hua on 4 December 2023. Appointment date is 1 January 2024. Role And Responsibilities: The appointment is non-executive. Job Title: Independent and Non-Executive Director. Working Experience: 2019 to present Howden Insurance Brokers (S) Pte Limited - Senior Director, Middle Market (Mid corporate and SME). 1999 - 2019 The Hartford Insurance /Tenet Insurance /Sompo Insurance - Retired as CEO of Sompo Insurance in 2019. Other DirectorShips Past: Now Health International (Singapore) Pte Limited, Howden Insurance Brokers (S) Pte Limited. Director Experience Details:Ms Tan Yian Hua will attend training sessions on the roles and responsibilities of a director in a listed issuer as prescribed by the Exchange within one year from her date of appointment to the UOI Board. Professional Qualifications: Fellowship of The Chartered Insurance Institute UK, IBF Distinguished Fellow, General Insurance. Reported Earnings • Jul 27
First half 2023 earnings released: EPS: S$0.20 (vs S$0.12 in 1H 2022) First half 2023 results: EPS: S$0.20 (up from S$0.12 in 1H 2022). Revenue: S$51.5m (up 61% from 1H 2022). Net income: S$12.2m (up 70% from 1H 2022). Profit margin: 24% (up from 22% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Jul 06
United Overseas Insurance Limited to Report First Half, 2023 Results on Jul 25, 2023 United Overseas Insurance Limited announced that they will report first half, 2023 results on Jul 25, 2023 Upcoming Dividend • Apr 14
Upcoming dividend of S$0.13 per share at 3.1% yield Eligible shareholders must have bought the stock before 21 April 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 62% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of Singaporean dividend payers (6.3%). Lower than average of industry peers (3.9%). Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: S$0.27 (vs S$0.43 in FY 2021) Full year 2022 results: EPS: S$0.27 (down from S$0.43 in FY 2021). Revenue: S$23.3m (down 56% from FY 2021). Net income: S$16.7m (down 37% from FY 2021). Profit margin: 72% (up from 50% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Kim Leng Chua was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Oct 31
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 5.9%. The fair value is estimated to be S$8.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.4% over the last 3 years. Earnings per share has declined by 16%. Reported Earnings • Jul 28
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$11.6m from profit in 1H 2021). Profit margin: (down from 54% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year. Board Change • May 05
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Kim Leng Chua was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 08
Full year 2021 earnings released: EPS: S$0.43 (vs S$0.39 in FY 2020) Full year 2021 results: EPS: S$0.43 (up from S$0.39 in FY 2020). Revenue: S$52.8m (flat on FY 2020). Net income: S$26.6m (up 10% from FY 2020). Profit margin: 50% (up from 45% in FY 2020). Combined ratio: 49.3% (up from 49.2% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Feb 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: S$0.43 (up from S$0.39 in FY 2020). Revenue: S$54.1m (down 14% from FY 2020). Net income: S$26.6m (up 10% from FY 2020). Profit margin: 49% (up from 38% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year. Executive Departure • Sep 07
Non-Independent & Non-Executive Director Soo Suan Yang has left the company On the 1st of September, Soo Suan Yang's tenure as Non-Independent & Non-Executive Director ended after 30.5 years in the role. We don't have any record of a personal shareholding under Soo Suan's name. Soo Suan is the only executive to leave the company over the last 12 months. Upcoming Dividend • Aug 03
Upcoming dividend of S$0.085 per share Eligible shareholders must have bought the stock before 10 August 2021. Payment date: 23 August 2021. Trailing yield: 3.0%. Lower than top quartile of Singaporean dividend payers (5.0%). Lower than average of industry peers (3.7%). Upcoming Dividend • Apr 24
Upcoming dividend of S$0.13 per share Eligible shareholders must have bought the stock before 30 April 2021. Payment date: 14 May 2021. Trailing yield: 3.3%. Lower than top quartile of Singaporean dividend payers (4.6%). In line with average of industry peers (3.2%). Reported Earnings • Apr 04
Full year 2020 earnings released: EPS S$0.39 (vs S$0.66 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: S$57.0m (down 18% from FY 2019). Net income: S$24.1m (down 40% from FY 2019). Profit margin: 42% (down from 58% in FY 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 2% per year. Reported Earnings • Feb 20
Full year 2020 earnings released: EPS S$0.39 (vs S$0.66 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: S$55.6m (down 20% from FY 2019). Net income: S$24.1m (down 40% from FY 2019). Profit margin: 43% (down from 58% in FY 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Is New 90 Day High Low • Feb 18
New 90-day high: S$6.81 The company is up 3.0% from its price of S$6.63 on 20 November 2020. The Singaporean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 7.0% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: S$6.80 The company is up 5.0% from its price of S$6.50 on 20 October 2020. The Singaporean market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: S$6.78 The company is up 3.0% from its price of S$6.58 on 18 September 2020. The Singaporean market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 9.0% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: S$6.63 The company is up 1.0% from its price of S$6.55 on 19 August 2020. The Singaporean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 5.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: S$6.50 The company is down 6.0% from its price of S$6.88 on 17 June 2020. The Singaporean market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 6.0% over the same period. 
